here now former chief economist to vice president biden and jim from the american nt prize institute. jared, $2.3 trillion a year is a big number and it bothers me that we're corroding the american work effort and we're doing some damage to society with all this dependency. >> i can make you feel much better. first of all, before i got here, i added up social security, medicare and medicaid. i got $1.6 trillion so mr. eberstadt needs to check his numbers. here's the fact -- over 90% of the dollars we spend on entitlements go to three types of people, elderly people, disabled people and people who are working. if you want to tell me people who are retired and benefiting from social security and medicare, if disabled veterans, if people who are retirees who paid into these systems throughout their careers are takers, i'm not going to believe you because i know you're better than that and i know jimmy p. is better than that, too. so let's get away from this taker stuff. the president's right. it just doesn't work. >> go ahead, jimmy. go ahead. >> back about 1935 we had a democratic presi